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Nov 26, 2012
11/12
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dagen: we will stay on the topic of warren buffett and taxes. should the cut off the $500,000 not $250,000 as the president wants. would that ease some of the burden and pain of higher taxes? >> on one level it would, of course. raising that threshold from $250,000 to $500,000. the buffet idea maybe release a little bit of pain, but does nothing to address the extortions that he is talking about. huge distortions. 160,000 pages of distortions in the tax code. you were talking about a tiny, tiny improvement. i will take it, sure. we are getting distracted on this one. dagen: connell was talking about a minimum tax on the wealthy. he starts out $1 billion a year. 30%. a good idea in the abstract? then he starts talking about his brother in. those are multi billionaires, dude. >> i mean, i think these are all legitimate questions. we have this great opportunity to do tax reform. to clean up the tax code. get rid of some of the provisions. should we give tax rates for second homes, for vacation homes? probably not. the reality is a lot of things lik
dagen: we will stay on the topic of warren buffett and taxes. should the cut off the $500,000 not $250,000 as the president wants. would that ease some of the burden and pain of higher taxes? >> on one level it would, of course. raising that threshold from $250,000 to $500,000. the buffet idea maybe release a little bit of pain, but does nothing to address the extortions that he is talking about. huge distortions. 160,000 pages of distortions in the tax code. you were talking about a...
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Nov 28, 2012
11/12
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warren buffett is at it again. >> when is he the of the rich in this country? >> it won't help the economy, won't reduce the deficit but will make us all middle class feel better. >> we went through warren buffett. >> it has been a fun show. >> thank you very much indeed. it is yours. connell: good morning, everyone. dagen:
warren buffett is at it again. >> when is he the of the rich in this country? >> it won't help the economy, won't reduce the deficit but will make us all middle class feel better. >> we went through warren buffett. >> it has been a fun show. >> thank you very much indeed. it is yours. connell: good morning, everyone. dagen:
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Nov 27, 2012
11/12
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. >> let me ask you about warren buffett. warren buffett saying that there's no tax pledge doesn't work. today, and i would like to play this to you over and over, he responded. take a listen to this. >> i agree with part of it. warren buffett really believe what he said, he could do it any other american who thinks that they are not paying enough xes, he could stop fighting the irs and just start paying for the irs says that he should be paying today. that is one thing. cheryl: that's true. >> if he believes that the federal government is the way we should be spending his money, then he should not have set up that chervil foundation and he should've written a check to the epa and to the federal government. you must inherently believe that it's better that you spend money through charitable trust and have washington spent his money. >> some of your collgues are turning against him. in fact, saxby chambliss is one of them. bob corporal, lindsey graham, i have been in office for a number of years and i never see the need for ra
. >> let me ask you about warren buffett. warren buffett saying that there's no tax pledge doesn't work. today, and i would like to play this to you over and over, he responded. take a listen to this. >> i agree with part of it. warren buffett really believe what he said, he could do it any other american who thinks that they are not paying enough xes, he could stop fighting the irs and just start paying for the irs says that he should be paying today. that is one thing. cheryl:...
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Nov 26, 2012
11/12
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warren buffett says raise tax rates on incomes over a half million dollars, that's a shift. but the president and democrats are not moving and they still say raise tax rates on the rich. on-line shopping, a very big winner and very big for retailers. 13% better than last year overall. today, on-line sales may run close to 2 billion dollars. will it last through the holidays? we've got another north african economy in absolute chaos. egypt torn by rioting after morsi takes dictatorial powers. they really need our money now. watch out, everybody, "varney & company" is about to begin. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement peopl who are paid on sary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> as we said, call it a cave. call it a shift. call i
warren buffett says raise tax rates on incomes over a half million dollars, that's a shift. but the president and democrats are not moving and they still say raise tax rates on the rich. on-line shopping, a very big winner and very big for retailers. 13% better than last year overall. today, on-line sales may run close to 2 billion dollars. will it last through the holidays? we've got another north african economy in absolute chaos. egypt torn by rioting after morsi takes dictatorial powers....
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Nov 27, 2012
11/12
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to another $50,000 gets you nowhere fast. >> even warren buffett says. cheryl: depending on where you live we deal with middle-class americans broke talk about the estate tax. doable for december? -- do it before december? >> call your state planner. be proactive. cheryl: 51 to leave something do it before the end of the year? >> any plans to give money away do with this year. some things you can control. dennis: not ending our life early. [laughter] what do i know? [laughter] cheryl: coming up tomorrow fox business anchor gerri willis will have more on what you need to do to get your house in order printout down 11 points. 12,955. >> breaking news. looking at the market's dow jones industrial average in the red down 12 points ann the s&p are also higher. the looking at the stock on the move looking at crocs they are up 7.5% it is rated at dubai at goldman sachs sachs -- a buy from goldman sachs looking at the entire group and locker they like those names. i showed you steve mad and they put a sell rating on that. of the they talk about visibility for ea
to another $50,000 gets you nowhere fast. >> even warren buffett says. cheryl: depending on where you live we deal with middle-class americans broke talk about the estate tax. doable for december? -- do it before december? >> call your state planner. be proactive. cheryl: 51 to leave something do it before the end of the year? >> any plans to give money away do with this year. some things you can control. dennis: not ending our life early. [laughter] what do i know? [laughter]...
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Nov 27, 2012
11/12
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warren buffett takes on grover norquist. who is right? former cbo director douglas cosecant joins us next. ♪ lou: well, we are going to be assessing what is happening with the fiscal cliff, negotiations, talks tomorrow waste of time between the principal so-called in washington d.c. talking with former congressional budget office director douglas hopes he can hear in moments. first the "moneyline". lori ruined the day on wall street. concerns about the deep discounts being offered by retailers on black friday. worries about the fiscal cliff, greece of combining for a market that pretty much went nowhere today. the dow jones industrials down 42. as into down treatment nasdaq rose ten. the sixth day in a row in which the nasdaq has gained. light trading on the big board. concerns about increases in taxes on dividends for the high-yield dividend stocks of late. today at&t and verizon down, both with dividend yields of just about 5%. most retailers lower on the day despite good news on the holiday shopping weekend. target and walmart among
warren buffett takes on grover norquist. who is right? former cbo director douglas cosecant joins us next. ♪ lou: well, we are going to be assessing what is happening with the fiscal cliff, negotiations, talks tomorrow waste of time between the principal so-called in washington d.c. talking with former congressional budget office director douglas hopes he can hear in moments. first the "moneyline". lori ruined the day on wall street. concerns about the deep discounts being offered...
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Nov 23, 2012
11/12
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if he feels that way and warren buffett and these guys feel that way get your checkbook and show us what occurs. stuart: to fire about patriotic millionaires, a lot of people fired about the facebook page. we told you we were going into triple digits. the dow is up 100 points and there is light volume today. big money people can move the market and apparently, let's go to robert gray. robert: the tech outpacing the broader market. tech stocks in the s&p down leading the charge and it is down below $9 with a disappointing earnings just a week ago and certainly ramping into the black holiday and shopping for electronic gadgets. michael dell said the windows 8 launch last month, giving consumers a real reason to upgrade in several years. the touch screen technology, convertible and hybrid, basically tablets', laptops at the same time to have a built in keyboard, this new technology is a new wow factor for the holidays. stock we should remind you down 35% year to date but it is up 7% this week alone. dave: back to neutral. thank you very much. there is still a cease-fire in gaza right now bu
if he feels that way and warren buffett and these guys feel that way get your checkbook and show us what occurs. stuart: to fire about patriotic millionaires, a lot of people fired about the facebook page. we told you we were going into triple digits. the dow is up 100 points and there is light volume today. big money people can move the market and apparently, let's go to robert gray. robert: the tech outpacing the broader market. tech stocks in the s&p down leading the charge and it is...
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Nov 29, 2012
11/12
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buffett, look what they're doing. they are the most generous. they are the most generous people. bill gates has given $70 billion toward health care all around the world. so how can you fault that? but here's the thing. he gets benefit of it. neil: do the rich have a difficult time? passage says easier for a rich person to go through the eye of a needle than to get to heaven. should you plan dressing lightly after you die because it will be hot where you're going? >> we have to do what i call the stewardship of affluence and the stewardship of influence. if i were to say to you, neil, at the end of this year the american dollar is no longer going to be available. we're going to switch to the japanese general. what would you do? if you were a smart man you would switch as much of your assets into japanese yen as possible right now, maintain only enough dollars to get you there to the end of the year. the bible says this is storing up treasure in heaven. you can't take it with you but you can send it on ahead. you send
buffett, look what they're doing. they are the most generous. they are the most generous people. bill gates has given $70 billion toward health care all around the world. so how can you fault that? but here's the thing. he gets benefit of it. neil: do the rich have a difficult time? passage says easier for a rich person to go through the eye of a needle than to get to heaven. should you plan dressing lightly after you die because it will be hot where you're going? >> we have to do what i...
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Nov 28, 2012
11/12
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warren buffett can help them out. lori rothman and melissa francis with more coming up. dagen: the market is up, that is good. good afternoon read >> pushing for middle-class tax cuts without any spending concessio concessions, president obama to meet with business leaders on the fiscal cliff after speaking just last hour. we'll ask lou dobbs that he thinks ceos will help to make deals happen. >> now washington is looking at the one sacred mortgage deduction, maybe get rid of it to help heal the budget crisis. >> charlie gasparino on the future of the firm. time for stocks as we do every 15 minutes, before the new york stock exchange, nicole petallides on the floor. a deal is possible by christmas. >> hoping to get some positive comments from john boehner. he is optimistic. a nice little boost. from negative to positive to the session highs, no 50 points away from dow 13,000 once again. the dow once again up 73 points. you have a lot of winners. the banking index is still under some pressure, but retailers are really stealing the show. many are doing well for a variety o
warren buffett can help them out. lori rothman and melissa francis with more coming up. dagen: the market is up, that is good. good afternoon read >> pushing for middle-class tax cuts without any spending concessio concessions, president obama to meet with business leaders on the fiscal cliff after speaking just last hour. we'll ask lou dobbs that he thinks ceos will help to make deals happen. >> now washington is looking at the one sacred mortgage deduction, maybe get rid of it to...